Cardano Millionaire Wallets Reach Highest ADA Holdings Since 2017
Summary
Cardano wallets holding at least 1 million ADA have kept accumulating, pushing their combined balance to 25.11 billion ADA, the highest since December 2017. These large holders now control 64.49% of circulating supply, the largest share since July 2020. The trend has risen since 2024 and continued even through the broader crypto downturn, suggesting whales and sharks have not been discouraged by weaker prices. Santiment views this as a bullish long-term signal, though similar accumulation during the 2022 bear market later reversed into a major selloff. ADA is trading around $0.23, down nearly 6% over the past week.
